701 Center, Bay City, MI 48708

This exquisite Second Empire home was constructed in 1876 by James Shearer, for he and his wife Margaret. History runs deep in its veins, including a personal letter from Thomas Edison, asking the Shearers to use their home to showcase his new technology: electricity. Today, it is a lovingly restored, solid, highly profitable 16 unit apartment home. With several long term tenants, all units are leased at a slightly below market rate (rents could comfortably run $40-50 higher per unit). Through the years, as tenants moved out, the current owners refreshed each unit (with the exception of 2 apts) with beautifully refinished hardwood floors, paint, vanities, and some bath/showers. Many units feature breathtaking original plaster adornment, towering ceilings, and ornate fireplaces! All have charming kitchens, and efficient bathrooms- efficiency apartments have murphy beds. In addition to rents, building includes a laundry facility with coin-operated machines.